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CESifo
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Newest at
CESifo
November
11th 2004
This is a
new CESifo product, slated to be published once a month. Primarily devoted
to bringing CESifo Working Papers to a broader audience, it will also
review other news from the CESifo Group Munich. Should you prefer not
to receive this newsletter, click
here. We would be happy to receive your comments here.
Online
Music Piracy
The music industry
is incensed at the notion of legions of people downloading songs for free
from the Internet, and is doing its best —or its worst— to
kill the practice: it depresses its sales, it says. Legions of people,
in turn, are incensed at the perceived "customer-gouging" nature of the
music industry and happily continue to download songs from the Internet:
it helps them fine-tune their tastes and thus make more informed music
purchases. So, how disastrous is music file swapping on the internet for
the music industry? Martin Peitz has done extensive research on that,
and the answer is surprising.
Read
more
Democracy
or Market Economy?
Deng Xiao Ping
did it and Hu Jintao continues it. Chiang Kai-shek and even Pinochet did
it. Gorbachev and his successors didn't, and it shows. For fast economic
growth, the trick appears to be: first liberalise the economy; then, politics,
and eventually they will both converge. At least that's what Francesco
Giavazzi and Guido Tabellini's research has found out.
Read
more
Privatising
Network Utilities
Scene 1: You rub
your hands in glee at the much lower rates you now pay for placing phone
calls: privatising the phone company was a godsend. Scene 2: You curse
the late trains, crumbling tracks and badly-designed timetables of the
railway company: privatising it was a disaster. So, what makes a network
utility privatisation successful? A series of just-released CESifo Working
Papers has the answer.
Read
more
Protecting
Low-Income Workers
Despite the noisy
protests of the likes of Jean Bové, globalisation is a good thing.
But, as it turns out, not for everyone simultaneously. Some, such as low-skilled,
low-income workers in industrialised countries, are at risk from being
undercut by lower-paid immigrants. This, asserts Hans-Werner Sinn in his
latest paper, could jeopardise the achievements of a hundred years of
social democracy.
Read
more
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Database for free-of-charge data
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social policy, health, business and much more.
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By
Invitation: Current Policy Debates
High-calibre
economists, academics and politicians contribute regularly
with thoughtful articles dealing with current policy topics
such as industrial policy in the EU, elite universities for
Germany, EU expansion and outsourcing, ageing work-forces
and much more.
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out the Current Policy Debates section
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